Bitcoin companies join in push to promote Stratum V2 adoption, launch open-source test version

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Bitcoin mining companies Spiral and Braiins launched an industry working group to promote an upgrade to the current Stratum V1 protocol for miners.

A group of Bitcoin companies including Spiral and Braiins is taking action to promote the adoption of Stratum V2, which would be an upgrade on the current protocol miners use to communicate with pools.of that protocol Tuesday, which will be available for testing immediately. The update from Stratum V1 would improve security for miners and for the network, make communication more efficient and help further decentralize the network.

“Miners know the benefits of upgrading to Stratum V2 very well, but pushing the entire mining industry over some of the remaining development and adoption hurdles is a big task," said Jan Čapek, co-founder of Braiins. The upgrade is a necessary step to"support further growth in hashrate" as well as an increase in pooled mining, a joint statement from Braiins and Spiral said.jumped 13.55 % to an all-time high"Stratum V1’s poor documentation has resulted in several interpretations and implementations, leading to mistakes and complexity," a

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

janbraiins Thanks for covering this! 👏🏼

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines